New EU regulations barring gender discrimination in insurance policies means women will now pay for men’s mistakes. About time, too.
The effect of this ruling is that private insurance products which differentiate by gender on price or benefits will be banned.
Young female drivers will be the worst affected by the new rules, with premiums rising by 24pc on average across the eight insurers reviewed by AA Insurnace.
Premiums for women aged 30 will rise by an average of 9pc, compared to average increases of 2pc for women aged 70.
Broker Chill.ie said there would be increases in premiums for female teenage drivers of up to €300.
But there will be savings in the region of €2,500 on motor insurance for teenage male drivers.